Market-Ready Homes Revolving Loan Program; create to assist homeowners with necessary home repairs and upgrades to increase listing price.

SB 2769 establishes the "Market-Ready Homes Revolving Loan Program" to provide short-term loans for homeowners to make essential repairs and upgrades to existing homes, primarily targeting "starter homes" (defined as homes where the owner's income is within 20% of 5.4x the local median income). The Mississippi Home Corporation administers the program, offering loans up to $30,000 (capped at 85% of a post-repair Broker Price Opinion) for repairs like roofing, plumbing, electrical, and HVAC, requiring contractor quotes and a six-month real estate listing. Loans have a six-month term with below-market interest rates and mandatory repayment, with extensions possible under specific closing or refinancing conditions. The program is funded through a one-time legislative appropriation into a revolving fund held in the state treasury, designed to help homeowners qualify for mortgages by improving their property's market value.